NVHIX vs. STXAX
Compare and contrast key facts about Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) and Western Asset Municipal High Income Fund (STXAX).
NVHIX is managed by Nuveen. It was launched on Jan 31, 2013. STXAX is managed by Franklin Templeton. It was launched on Nov 5, 1992.
Performance
NVHIX vs. STXAX - Performance Comparison
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NVHIX vs. STXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 0.58% | 2.43% | 6.88% | 3.54% | -6.73% | 8.44% | -0.10% | 8.27% | 3.47% | 8.17% |
STXAX Western Asset Municipal High Income Fund | -0.56% | 4.23% | 3.41% | 7.63% | -11.29% | 3.36% | 3.77% | 8.18% | 1.08% | 6.82% |
Returns By Period
In the year-to-date period, NVHIX achieves a 0.58% return, which is significantly higher than STXAX's -0.56% return. Over the past 10 years, NVHIX has outperformed STXAX with an annualized return of 3.24%, while STXAX has yielded a comparatively lower 2.40% annualized return.
NVHIX
- 1D
- 0.62%
- 1M
- -0.97%
- YTD
- 0.58%
- 6M
- 1.64%
- 1Y
- 2.36%
- 3Y*
- 4.08%
- 5Y*
- 2.27%
- 10Y*
- 3.24%
STXAX
- 1D
- 0.24%
- 1M
- -2.84%
- YTD
- -0.56%
- 6M
- 0.88%
- 1Y
- 3.24%
- 3Y*
- 3.93%
- 5Y*
- 1.10%
- 10Y*
- 2.40%
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NVHIX vs. STXAX - Expense Ratio Comparison
NVHIX has a 0.55% expense ratio, which is lower than STXAX's 0.83% expense ratio.
Return for Risk
NVHIX vs. STXAX — Risk / Return Rank
NVHIX
STXAX
NVHIX vs. STXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) and Western Asset Municipal High Income Fund (STXAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NVHIX | STXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.68 | +0.01 |
Sortino ratioReturn per unit of downside risk | 0.95 | 0.93 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.73 | +0.19 |
Martin ratioReturn relative to average drawdown | 2.67 | 2.07 | +0.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVHIX | STXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.68 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.24 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.52 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 1.06 | +0.03 |
Correlation
The correlation between NVHIX and STXAX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NVHIX vs. STXAX - Dividend Comparison
NVHIX's dividend yield for the trailing twelve months is around 5.10%, more than STXAX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 5.10% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
STXAX Western Asset Municipal High Income Fund | 3.88% | 4.77% | 3.83% | 3.56% | 2.97% | 2.47% | 3.32% | 4.41% | 4.30% | 4.30% | 4.11% | 4.44% |
Drawdowns
NVHIX vs. STXAX - Drawdown Comparison
The maximum NVHIX drawdown since its inception was -13.54%, smaller than the maximum STXAX drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for NVHIX and STXAX.
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Drawdown Indicators
| NVHIX | STXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -22.48% | +8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -6.11% | +2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -10.54% | -16.46% | +5.92% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -16.46% | +2.92% |
Current DrawdownCurrent decline from peak | -1.18% | -2.84% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -2.22% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 2.16% | -0.91% |
Volatility
NVHIX vs. STXAX - Volatility Comparison
The current volatility for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) is 0.93%, while Western Asset Municipal High Income Fund (STXAX) has a volatility of 1.34%. This indicates that NVHIX experiences smaller price fluctuations and is considered to be less risky than STXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVHIX | STXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.34% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 2.00% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 6.14% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 4.70% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 4.62% | -1.15% |